Question: Stag Corp. will pay dividends of $ 4 . 7 5 , $ 5 . 2 5 , $ 5 . 7 5 , and

Stag Corp. will pay dividends of $4.75, $5.25, $5.75, and $7 for the next four years. Thereafter, the company expects 7 percent growth in dividends. If the required rate of return is 15 percent, what is the current market price of the stock?

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